Vice President, Risk Management & Insurance

POSITION: VP Insurance & Risk

COMPENSATION: Pursuant to state regulations the salary range is $190000-$220000 plus bonus potential. âEligible to participate in the company benefits plan. We offer health vision dental and pet insurance. We offer a 401(k) retirement plan student loan assistance licensing and continuing education reimbursement parental leave and housing allowances or gifts.

REPORTS TO: CHIEF FINANCIAL OFFICER (CFO)

SUMMARY: The VP of Risk and Insurance is a strategic leadership role responsible for protecting the organizations assets employees and profitability through sophisticated risk financing and insurance programs. You will oversee a complex portfolio focusing heavily on Property & Casualty Workers Compensation and specialized Property Management liabilities. You will be the architect of our insurance strategy ensuring our coverage scales at the same velocity as our portfolio acquisitions.

ESSENTIAL RESPONSIBILITIES (including but not limited to): Insurance Strategy & Brokerage Management

• Program Design: Architect and manage the annual renewal of all corporate and property-level insurance programs (Property GL D&O E&O Cyber Umbrella).
• Broker Relations: Lead the relationship with external brokers and carriers to ensure highly competitive pricing optimal coverage terms and innovative risk-transfer solutions.
• Master Policy Oversight: Maintain and optimize a Master Insurance Program for a multi-state residential/commercial portfolio ensuring seamless onboarding of new acquisitions. Workers Compensation & Safety
• Experience Mod Management: Proactively manage the Workers Comp program across all states to drive down the E-Mod factor through safety initiatives and aggressive return-to-work programs.
• Claims Advocacy: Oversee the claims management process for high-value claims working with TPAs (Third Party Administrators) to ensure reserves are accurate and files are closed efficiently. Property Management Specialization
• Tenant Insurance Programs: Oversight of tenant liability and Renters Insurance programs to mitigate property-level exposure.
• Contractual Risk Transfer: Partner with the Legal and Transitions teams to review vendor contracts management agreements and leases to ensure appropriate indemnification and insurance requirements are in place. Enterprise Risk Management (ERM)
• Risk Identification: Lead the organization in identifying emerging risks (e.g. climate risk regulatory changes or cyber-attacks) and develop mitigation strategies.
• Crisis Management: Act as a key member of the executive crisis response team providing the Risk Lens during natural disasters significant property losses or litigation. Technology & Data Analytics
• Risk Management Information Systems (RMIS): Implement and oversee an RMIS to track loss trends loss runs and exposure data.
• Predictive Analytics: Use historical loss data to forecast future losses and advise the CFO on self-insured retention (SIR) levels or captive insurance feasibility.

DESIRED QUALIFICATIONS / SKILLS:

• Experience: 12-15 years in Risk Management or Commercial Insurance ideally within the Real Estate or Property Management industry.
• Education: Bachelors degree in Finance Risk Management or Law. MBA or Juris Doctor (JD) is a plus.
• Certifications: ARM (Associate in Risk Management) CPCU (Chartered Property Casualty Underwriter) or CRM (Certified Risk Manager).
• Negotiation Mastery: Proven ability to navigate the London or domestic markets to secure complex multi-layered property placements.
• Financial Acumen: Deep understanding of actuarial reports loss triangles and the impact of insurance premiums on property-level NOI (Net Operating Income).

WORK ENVIRONMENT / PHYSICAL DEMANDS:

The work environment characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Incumbents work in an office environment but also have frequent exposure to outside elements where temperature weather odors and/or landscape may be unpleasant and/or hazardous. The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job the Team Member is regularly required to use hands to finger type handle or feel and talk or hear. The Team Member is frequently required to stand; walk; reach with hands and arms and stoop or squat. The Team Member is often required to sit. The Team Member must be able to push pull lift carry or maneuver office products and supplies of up to twenty (20) pounds. Specific vision abilities required by this job include close vision distance vision color vision peripheral vision depth perception and ability to adjust focus. Routine local travel is required to attend training classes client visits or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position. Overnight travel required to attend training property visits and other situations necessary for the accomplishment of special projects that may be assigned from time to time. The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions and perform any other related duties as assigned.

Required Experience:

Exec